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Asian stainless steel market

Asian stainless steel market continues gradual rise in prices. The increase in buying activity, especially in Japan and China allows metallurgists to successfully compensate for the rise in price of nickel. Cost x / rolls 304 to 2 exceeded $ 3,000 per tonne CFR throughout the region, and China's domestic prices reached the level of $ 3300−3350 per ton from the stock. However, further growth, according to analysts, it will be fraught with problems, so manufacturers need to exercise caution.

At the same time, Japan's NSSC announced an increase in capacity utilization in the second quarter to 90%. As suggested by NSSC leadership, the regional market is already quite recovered, so that the expansion of production will not lead to oversupply. Previously, the issue of capacity stainless products have reported a number of Chinese companies.

Victor Tarnavskiy

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